Capital Commerce

Microsoft Job Cuts: Layoffs Good News for Economy

January 22, 2009 RSS Feed Print

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So Microsoft says it is cutting 5,000 jobs, or 5 percent of its workforce. (Apparently that $21 billion in cash on hand isn't burning a hole in its pocket.) Now no one likes to see people lose their jobs, especially in a tough economy when it is going to be tough to find another one. But I would bet that these job cuts are going to force a lot of people to find their inner-entrepreneur. These ex-Microsofties are going to end up starting a lot of small businsees that may eventually grow in size to become some pretty profitable companies. Who knows, Microsoft may inadvertently be creating another Gooogle or Apple or, yes, Microsoft. Creative destruction, gang ...

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Start a business in this economy? Without capitol or income? Perhaps the author meant to say, "these job cuts are going to force a lot of people to find their inner-bankruptcy."

Brian Koller of TX 9:10AM January 25, 2009

Just wanted to commend you on your accurate representation of what true capitalism is all about. Sometimes I think that we as a nation have become too much of cry baby spoiled brat...that when pushed...simply fall down and whine as to "when mommy will come to pick me up".
We forget that in-reality it's OUR JOB..to pick ourselves up.
Oh, and by the way, in the interest of transparency and full disclosure...I'm am at-the-moment...almost FLAT BROKE and 6 month unemployed. Just so you know.
Thanks again for your article!

Curtis of MN 5:36PM January 24, 2009

Microsoft Job Cuts: Layoffs Good News for Economy

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